AS Monaco set to appoint Oleg Petrov as CEO

 February 17, 2019

Russian Oleg Petrov is set to be appointed as vice-president and Chief Executive Officer of French football club AS Monaco at a board meeting on Feb 22, a source close to the club told Reuters on Saturday. Petrov will replace recently sacked Vadim Vasilyev, the source added. The club and Petrov were not immediately available […]

AS Monaco Vice President Vadim Vasilyev steps down

 February 15, 2019

“Over the six years of Vadim Vasilyev’s tenure at AS Monaco, we have come a long way together. We have achieved much success: the club has finished in the top three of Ligue 1 five times; we won Ligue 1 for the first time in 17 years; and we reached the semi-finals of the Champions […]

Struggling Monaco sack vice-president Vadim Vasilyev in latest shakeup during difficult season

 February 14, 2019

Struggling Monaco have sacked vice president Vadim Vasilyev on Thursday, the latest shakeup in a difficult season which has seen two coaches leave and one of them re-hired. Club president Dmitry Rybolovlev, who rarely makes public comments, explained the decision in a statement. ‘It’s the time for changes, and these changes don’t only affect the […]

European Commission president Jean-Claude Juncker must close tax loopholes

 February 05, 2019

“German politician Wolf Klinz describes the art storage facility as “high risk” for money laundering and tax evasion” – reports Anny Shaw at The Art Newspaper. More and more Freeports are opening and helping the tax free art transactions in favour of diversified tangible asset portfolios. These Freeports are also considered as the most effective […]

AS Monaco President Dmitry Rybolovlev Presents ASM Long-Term Development Projects

 January 18, 2019

AS Monaco FC (“ASM”) presented its long-term development projects at a meeting of Club management with partners. The Club’s key infrastructure projects in the coming years will be the construction of the Center for Sporting Excellence at La Turbie, the renovation of the stadium’s premium boxes, and the construction of a modern dormitory for the […]

Dmitry Rybolovlev with Red and White at La Turbie

 November 25, 2018

Dmitry Rybolovlev, President of AS Monaco, attended the training session at La Turbie after the victory in Caen (0-1). It was 2 p.m. on Sunday when Dmitry Rybolovlev, accompanied by Vice President Vadim Vasilyev, entered the Rouge et Blanc training ground. Along with Thierry Henry and the sports director, Michael Emenalo, the two men greeted […]

Russian oligarch at heart of art feud ensnared in Monaco scandal

 November 10, 2018

“Dmitry Rybolovlev was placed under investigation over claims he has bribed official.” – reports the Financial Times. It was a chance remark on New Year’s Eve 2014 that set in motion a chain of events that led to one of the art world’s fiercest feuds. This week the resulting fallout ensnared both Russian fertiliser billionaire […]

Russian AS Monaco owner Rybolovlev under formal investigation

 November 08, 2018

The Russian billionaire owner of Monaco football club, Dmitry Rybolovlev, has been placed under formal investigation in connection with a major fraud case. It involves a Swiss art dealer from whom Mr Rybolovlev bought a series of masterpieces, triggering a long-running separate legal battle. The investigation centres on claims that Mr Rybolovlev tried to influence […]

AS Monaco firmly denies defamatory remarks

 November 08, 2018

AS Monaco firmly denies defamatory remarks by Mediapart and states that Club President Dmitry Rybolovlev did not withdraw one euro from the club’s accounts following the transfer of Kylian Mbappé. President Dmitry Rybolovlev has invested nearly 335 million euros since his arrival to fund transfers and player salaries and pay off the club’s debts. Each […]

Twist in alleged $1bn art fraud as Russian tycoon detained in Monaco

 November 07, 2018

“Dmitry Rybolovlev, owner of AS Monaco, has been under investigation by prosecutors in the Principality” – reports The Guardian Police in Monaco have detained Russian tycoon Dmitry Rybolovlev for questioning as part of an investigation into corruption and influence peddling, according to reports. Rybolovlev, who owns the football club AS Monaco, was held on Tuesday […]

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